East Coast Office
251 Albevanna Lane
Scottsville VA 24590
Phone: 434-286-3130

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West Coast Office
P.O. Box 420563
San Diego CA 92142
Phone: 858-292-4819

Contact West Coast


ESOP Consultants


President and Cofounde

Ronald J. Gilbert (“Ron”) is cofounder and President of ESOP Services, Inc., an international consulting firm specializing in Employee Stock Ownership Plan (“ESOP”) transactions for privately held companies. With offices in Virginia and San Diego, the firm’s clients are in a majority of the US.

Ron holds a Bachelor’s Degree in Commerce from the McIntire School of Commerce at the University of Virginia and a Master of Financial Services from The American College. He currently serves on The ESOP Association’s Board of Governors and its Legislative and Regulatory Advisory Committee, and serves on the board of directors of three ESOP companies. He is a former member of the board of directors of The National Center for Employee Ownership.

With forty years of experience, Ron is a frequent speaker at ESOP seminars sponsored by The World Bank, The ESOP Association, The National Center for Employee Ownership, banks, colleges, national and state governments, etc., and has spoken in nine countries. Ron was instrumental in obtaining the first IRS private letter ruling sanctioning an international ESOP for a U.S. based company.

Ron Gilbert is co-author and co-editor of Employee Stock Ownership Plans:  ESOP Planning, Financing, Implementation, Law and Taxation, the most comprehensive work on the subject, published by the Beyster Institute. He has also authored numerous ESOP articles for various publishers, including the Brookings Institution Press and The National Center for Employee Ownership. Publications include the Journal of Employee Ownership, Law and Finance; Don’t Do That; and Selling to an ESOP.

Prior to cofounding ESOP Services, Inc., Ron was a Vice President of Kelso & Company in San Francisco, working with Louis Kelso, the “father” of the ESOP.



Paige is the driving force behind the consulting services and business development functions for ESOP Services, Inc., a national consulting firm that helps companies design and implement successful employee stock ownership plans. She works directly with business owners to help them analyze and understand the ESOP’s impact on the company, shareholders, and employees, including the financial aspects of cash flow, tax savings, shareholder liquidity, and employee benefits.

With more than 25 years’ experience in pension and equity plans, Paige has provided guidance to hundreds of companies on the design and implementation of ESOPs, equity compensation plans, and employee motivation programs.  Served also as Assistant Vice President of the Foundation for Enterprise Development (FED), a non-profit company dedicated to promoting the development of entrepreneurialism and employee ownership worldwide.

A member of the National Center for Employee Ownership and The ESOP Association, Paige frequently speaks on the topic of ESOPs at regional and national events, and teaches a graduate course entitled “Topics of Corporate Governance: Techniques of Equity Compensation” for the University of California, San Diego’s Flex MBA program.

Paige holds a Master of International Business from the University of San Diego and a Bachelor of Arts from California State University, Long Beach.


Special Projects Consultant

David Binns is an experienced corporate executive with extensive expertise with employee stock ownership plans (ESOPs), equity compensation strategies and international economic development. He has served as a senior officer, Board member and/or advisor on a number of successful buyouts of ESOP companies.

He served as President & CEO of Macfadden & Associates, a 100% ESOP-owned company, from 2011 through 2018. A professional services government contracting company with approximately 325 employees, Macfadden specializes in delivering a broad range of services to support the U.S. government’s response to international disasters and humanitarian crises. From 2008-2011 he served as Macfadden’s Chief Operating Officer where he was responsible for management and oversight of operations, including integrating an acquisition that effectively doubled the number of professional staff. Macfadden was acquired by PAE in February 2018.

From 1991-2008 Mr. Binns served as Associate Director of the Beyster Institute, where he consulted with scores of companies on the use of equity compensation plans and managed many of the Institute’s international economic development and privatization programs.

He served as Executive Director of The ESOP Association from 1984-1991. His experience includes work in over 20 countries on a variety of entrepreneurship and economic development programs, including the design and implementation of employee ownership plans to facilitate the privatization of state-owned enterprises.

Mr. Binns has served on multiple corporate and non-profit boards of directors and advisory boards including Macfadden & Associates, Mattos Pro Finishes, the Beyster Foundation for Enterprise Development, Wilson Global Communications and several other private companies.

A published author, Mr. Binns has written extensively on ESOP-related issues and is Co-Editor of Employee Stock Ownership Plans: ESOP Planning, Financing, Implementation, Law & Taxation.

Mr. Binns is a graduate of the University of Virginia. He and his wife Beth live in Silver Spring, MD.



Beverly Edgett, Administration

Kelly Gilbert, Accounting